Meyar
العربية
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Prototype / Modelled evidence

Industrial land 019

MEYAR-RYD-0019 · Al Dar Al Baida

Base. Scenario and session assumptions update this selected asset only.

Decision Summary

28.5%

HBU option: Industrial · Base

Risk: High · 61/100Confidence: High · 80%

Project Definition

HBU option
Industrial
Land area
6,917 m²
Gross floor area (GFA)
14,872 m²
Gross leasable area (GLA)
12,195 m²
Units
84

Baseline

Cost Assumptions

Acquisition / land
SAR 20,510,000
Hard construction cost
SAR 48,334,000
Soft costs
SAR 7,250,000
Financing
SAR 4,748,000
Contingency
SAR 4,169,000

Total project cost = land + hard cost + soft cost + contingency + financing. Development margin = profit / revenue; return on cost = profit / total project cost.

Revenue Assumptions

Expected revenue
SAR 118,980,000
Sales price
Baseline
Occupancy
Not applicable to this asset archetype.
Exit / terminal value
SAR 118,980,000

Timeline

  1. 1AcquisitionSept 2026 – Oct 2026 · 1 monthDelays the entire programme and financing drawdown.
  2. 2DesignOct 2026 – Feb 2027 · 4 monthsPushes approvals and contractor mobilisation.
  3. 3ApprovalsDec 2026 – May 2027 · 5 monthsDefers construction start and increases holding cost.
  4. 4ConstructionMay 2027 – Nov 2028 · 18 monthsRaises financing cost and postpones revenue.
  5. 5CommercialisationApr 2028 – Oct 2028 · 6 monthsSlows collections and extends payback.
  6. 6ExitMay 2029 – Jun 2029 · 1 monthDefers terminal proceeds and reduces present value.

Delivery delay: 0 months

Financial Results

Total project cost
SAR 85,011,000
Expected revenue
SAR 118,980,000
Gross profit
SAR 33,969,000
Net profit
SAR 33,969,000
Development margin
28.5%
Internal rate of return (IRR)
22.9%
Net present value (NPV)
SAR 16,332,000
ROI
40%
Equity requirement
SAR 35,705,000
Debt funding
SAR 49,306,000
Payback
32 months
Break-even
SAR 85,011,000